The Latest
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Nearly 7 in 10 firms report AI cost overruns
Hidden costs and poor governance are complicating efforts to keep enterprise AI spending on track, according to the study.
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Rogue AI poses 10% odds of ‘catastrophic harm’ by 2030: MIT study
AI within five years may be used for mass deception, weapons development, public manipulation, political abuse and cyberattacks, according to an MIT study.
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BlackLine CFO touts ‘outcome-based’ AI pricing shift
With finance chiefs searching for more predictability from their AI spending, BlackLine CFO Patrick Villanova expects the outcome-based pricing the company offers to grow more common.
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92% of CFOs, top finance staff feel pressure to show ROI from AI: survey
Half of survey respondents said their AI agents have yielded only limited measurable ROI, according to Avalara.
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GM CFO looks to put EV restructuring ‘work behind us’
The automaker has logged $10.9 billion in EV-related charges since beginning efforts to restructure the segment in late 2025.
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Opinion
Accounting’s next challenge: Guarding what AI can’t replace
“With the industry’s adoption of AI, the judgment-building work doesn't disappear,” writes Trullion CEO Artie Minson.
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Finance AI spending is stuck on efficiency gains, Gartner says
Only 17% of CFOs report significant or transformational value from productivity-focused investments, according to the research.
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EY hit with proposed class action over data breach
The lawsuit alleges the firm failed to protect sensitive tax and financial information exposed through an IT support platform.
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Persistent inflation dogs small business confidence: US Chamber
The Federal Reserve will probably raise interest rates in coming months in an effort to curb inflation to its 2% target, according to traders in interest rate futures.
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Ex-CFO sentenced to 36-month prison term for $4.3M loan scheme
Former Bank of the Valley CFO Aaron Luneke will serve 36 months in prison and be fined $10,000 in connection with bank fraud charges.
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Tax numbers aid analysts more than narratives, study finds
CFOs must balance the need to meet disclosure compliance requirements with the risk of drawing extra scrutiny from competitors and the IRS.
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Jobs in occupations most exposed to AI increased by 4%: Chicago Fed
Research by the Chicago Fed aligns with other recent studies challenging widespread concerns that AI will lead to mass unemployment.
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OpenAI pushes new yardstick for measuring AI investments
The company’s CFO floated a “useful-intelligence-per-dollar” approach as organizations face growing pressure to show returns on their AI spending.
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New Xactly CFO targets efficient revenue growth
In her first week at the AI company, Adriana Carpenter is focusing on revenue, AI implementation, and ensuring she’s showing, not just telling, the financial story.
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Retail sales edge up, restrained by falling gasoline prices
“Over the past few months, value shopping has gained traction as household budgets have come under pressure,” the Bank of America Institute said.
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SpaceX leads US IPO surge as H1 proceeds top $114B: PwC
“The window is wide open, and companies that are prepared for that window are being rewarded for it,” PwC’s Mike Bellin said.
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Pentair brings back CFO as interim finance chief
Pentair’s Bob Fishman is returning as interim CFO five months after he resigned from the top finance seat in March.
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Washington DC’s CPA bill advances to mayor’s desk
The legislation establishing a third path to becoming a certified public accountant must also undergo Congressional review before becoming law.
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Warsh says US in ‘fight’ with China for dominance in AI
Federal Reserve Chair Kevin Warsh told a Senate panel that the U.S. “is extremely well positioned to be at the cutting edge and extract more productivity” from artificial intelligence.
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Ex-ViaQuest CEO calls embezzlement allegations false, part of business dispute
On Monday, the healthcare firm filed a civil suit accusing its ex-CEO and former CFO of tapping company funds for personal expenses including club memberships and football tickets.
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CoStar CFO heads to Allstate with $2M sign-on bonus
Incoming Allstate finance chief Christian Lown succeeds Jess Merten, who was named president of property liability in October 2025.
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Sephora vet to take Calvin Klein parent’s CFO seat
Apparel retailer PVH appointed Alexis Rollier to take its finance reins about eight months after its previous finance chief Zac Coughlin departed.
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ViaQuest sues ex-CEO, former CFO for embezzlement
The healthcare firm alleges in a civil suit that its ex-CEO and former CFO tapped company funds for personal expenses including club memberships and football tickets.
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Missouri governor signs CPA licensing bill, effective next month
The Show Me State joins over 40 others establishing a route to becoming a certified public accountant that doesn’t require 150 college credit hours.
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Inflation slows to 3.5% as Warsh pledges to achieve Fed’s 2% target
“There’s plenty of work to do” to reduce inflation to an acceptable level, Federal Reserve Chair Kevin Warsh said in testimony before the House Financial Services Committee.